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UN: Phl to Post Faster Growth in 2025, 2026
January 13, 2025
|The Philippine Star
The Philippines is expected to grow at a faster pace this year and next, but geopolitical tensions and unfavorable weather conditions pose risks to the outlook, according to the United Nations (UN).
The World Economic Situation and Prospects 2025 report showed the UN expects the Philippines to grow by 6.1 percent this year from an estimated 5.6 percent growth in 2024.
While the UN's growth forecast for this year is within the government's six to eight percent growth target, its 2024 growth projection is below the government's six to 6.5 percent growth goal.
For 2026, the UN expects the Philippines to post an even faster growth rate of 6.2 percent, within the government's six to eight percent growth goal.
From January to September, the Philippine economy grew by an average of 5.8 percent.
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